Successor Hurricane Industry Ltd. (Series 4 and Series 5)
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Successor Hurricane Industry Ltd. (Series 4 and Series 5) - At a glance:
- Issuer / SPV: Successor Hurricane Industry Ltd. (Series 4 and Series 5)
- Cedent / Sponsor: Swiss Re
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane
- Size: $30m
- Trigger type: Industry loss index
- Ratings: ?
- Date of issue: Dec 2006
Successor Hurricane Industry Ltd. (Series 4 and Series 5) - Full details
Swiss Re issued another two series of catastrophe bond notes through their Successor Hurricane Industry Ltd. SPV.
$4m of Series 4 Class E notes and $26m of Series 5 Class E notes, both exposed to certain U.S. hurricane risks on an industry loss basis.
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